ASX 200 index on edge as Australian bond yields fall after inflation cools

The ASX 200 Index remained in a tight range while Australian bond yields fell after the latest consumer inflation report. It was trading at A$8,660, a few points below this week’s high of A$8,715. RBA likely to pause interest rate hikes The ASX 200 Index wavered after a report by the Australian Statistics Bureau (ABS) hinted that the country’s central bank will leave interest rates unchanged in the coming meeting on June 16. This report showed that the headline consumer price index (CPI) rose 4.